What`s Our Secret? - Property managers commercial real estate

BACKGROUND
We manage over 350 units in a wide range of areas from the most
affluent communities to the most difficult
Founder, Scott Gray, is native to Colorado
Been in property management since 1977
Consistently maintains 95% occupancy
Affordable 8% management fee
Accredited BBB Company with A+ Rating
Seven full time maintenance staff
Seven full time licensed brokers
EXAMPLES
What can we do for you!
BRUIN MANOR APARTMENTS
49 UNITS
2011 Mid-Year Statistics
(through 5/31/2011)
• Over 20% vacancy
• $2,014.98 in delinquent tenants for
March 2011
• Gross Income: $99,774.02
• Net Income: $13,532.09
 Owner was receiving on average
per month for 49 unit
complex
BRUIN MANOR APARTMENTS
49 UNITS
2012 Year to Date Statistics
(through 5/31/12)
4% vacancy
$36.99 in delinquent tenants
for March 2012
• Gross Income: $101,332.33
• Net Income: $34,621.07
•
•
 Owner is now receiving on
average
per
month for 49 unit complex
 Cornerstone increased net
income by over 250% in less
than one year
WHAT DOES THIS MEAN?
What Does This Tell You About Cornerstone?
LOW VACANCY
•
Cornerstone prides itself in maintaining a company wide economic vacancy
rate of at most 5%.
•
Minimal economic vacancies ensure the highest returns for our owners
What's Our Secret?
•
Availability
- Consistent focus on returning all leasing calls within 24-hours,
including weekends
•
State of the art property management software
- Buildium Management Software provides professional, fast, and easy to use
marketing at no additional cost to our owners
DISCIPLINED RENT
COLLECTION
•
•
“There is no excuse for not paying your rent on time!”
Our tenants understand that Cornerstone is firm, but fair. Paying rent late will only
increase what they owe and cause the tenant more problems
What's Our Secret?
•
Must start the legal process early!
- If a tenant is behind, you must begin the process
•
We can’t stop until the tenant is paid in-full!
- If they can’t get caught up, the tenant will need to move so that a responsible renter can be
found as soon as possible.
MINIMIZE EXPENSE
• Our maintenance technicians are paid based on the work they do
NOT how many hours it takes them to do it!
• Cornerstone provides a detailed spreadsheet that incentivizes our
maintenance technicians to work quickly, efficiently, and never
“milk” a unit turn or work order.
What's Our Secret?
• Allow us to turn a unit and find out!
(If we shared all our secrets today, what do you need us for???)
CUTTING EDGE TECHNOLOGY
• Cornerstone’s use of advanced property management software keeps
us a step ahead of our competition
• Detailed Reports - All available online 24/7 in real time
-Including: Rental Owner Statement, Rent Roll, Rent Paid, Income
Statement (Profit/Loss), Delinquent Tenants, etc.
PROPERTY MANAGEMENT
SOFTWARE– MARKETING
• Cornerstone offers a variety of marketing tools that makes
searching for our properties fast and user friend
• Marketing on Craigslist and our website, in addition to more
traditional methods, makes Cornerstone properties easily
accessible to any and all interested parties
TESTIMONIALS
•
While we can advocate our position, often times our current clients still
say it best:
“I wanted to put in a mention for Cornerstone and specifically Saul
Levy. Honestly, I cannot say enough good. We have a total of six rentals
into service with Cornerstone’s help. Saul Levy is top notch. Even before
we have signed a contract, he has went immediately to work to find
someone who wants to rent. Usually a company says they will respond
within 24 hours. Saul responds within an hour most of the time. His
service and help is nothing short of outstanding. His service has been
professional, immediate and backed with results. Working with him
helps an investor move forward with much less stress and time spent
putting an investment into service. He makes it his mission to give
immediate personalized attention. Cornerstone will continue to be the
company we go to and Saul will always be the person asked for.”
--Scott Lauckner
Click here to see what other owners have said about us!
REVIEW
• Cornerstone strives to manage YOUR units like they are OUR own
- Low vacancy
- Disciplined rent collection
- Minimized expenses
- Cutting edge technology
• With constant dedication, immense attention to detail, and strict
enforcement of policies and lease terms, Cornerstone strives to
achieve the absolute best results for all our clients.